June 20, 2017

Baggry India Shareholders- Retain Your Equity Shares

Baggry India ( earlier named Ghaziabad Protein Food ) is an Unlisted Company. It seems to be be doing very well..Baggry India is holding Court (NCLT ) convened Meeting of Shareholders on 24/06/2017 at Baddi ( Himachal Pradesh ) for reorganization .Most Important for shareholders is Resolution XI on Page 3 xi. Re-organisation of part Share Capital of Bagrrys India Ltd by cancelling the Equity Shares held by all non-promoter/outside
shareholders and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114
(one hundred fourteen) per share.( Please copy paste the PDF link given below and Please Go Through the Entire Notice - Seems Investor Unfriendly and should be opposed in E Voting / Court Meeting )file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF.It is strongly Recommended that Shareholders retain their Equity shares by writing ( by Registered Post / Speed Post ) to the Company in this regard under this provisionPage 10 i v It is clarified that an outside/non-promoter shareholder is entitled to retain his/her/its equity shareholding in the Transferee Company by giving a notice of such intention to the Transferee Company any time up to the record date to be fixed for such purpose. In all the cases where the Transferee Company receives intimation from the non-promoter Shareholders to retain their equity shareholding in the Transferee Company, equity shares with respect to all such shareholders will not be cancelled and will not be replaced with 8% non-cumulative compulsorily redeemable Preference Shares( Please copy paste this )file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF

============== Other Explanatory StatementsThe following are some of the specific advantages of the proposed Re-organisation of Share
Capital of the Transferee Company: i. The Transferee Company has some outside/non-promoter shareholders. Since the
Transferee Company is an un-listed company, there is no mechanism/platform available to
these Shareholders to sell/dispose-off these shares, if they so wish.ii. In order to provide an exit opportunity to all the outside/non-promoter shareholders, it is
proposed to re-organise the share capital of the Transferee Company, on voluntary basis,
by cancelling the Equity Shares held by all the outside/non-promoter shareholders; and to
issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a
premium of `114 (one hundred fourteen) per share. iii. The proposed re-organisation will provide a permanent liquidity option for illiquid shares of
the Company. It will help the non-promoter shareholders in realising the true potential of
their investments in the Transferee Company which can be gainfully deployed elsewhere.----------old posts

Bagrrys seems to be doing very well. In Jalandhar's Metro Wholesale Store Bagrrys's products were stacked in large quantity and were selling.